Note 5 - Vessels, net (Tables)

6 Months Ended

Jun. 30, 2016

Notes Tables

Property, Plant and Equipment [Table Text Block]

	Vessel Cost		Accumulated Depreciation			Net Book Value
Balance, December 31, 2015		32,592		(548	)		32,044
— Transferred from Advances for Vessels Acquisitions / Under Construction		65,062		-			65,062
— Depreciation charge for the period		-		(1,228	)		(1,228	)
Balance, June 30, 2016		97,654		(1,776	)		95,878